Business Credit Checks Ensure You’re Staring A Relationship With A Reputable Business Partner
[Posted on December 27]
Regardless of the kind of company you own and operate, you’re constantly faced with important decisions that need to be made; some of these decisions will be seemingly minor and feel as if the end result won’t have much effect on your business in the long term. Some of the decisions you’ll face, however, will have much more significant consequences and require more thought, more research and more risk assessment. Entering into a business relationship with another company is an example of one of these major decisions but unfortunately, many business owners don’t always view it as such and fail to do any research on the other company.
With business credit checks from AAA Credit Screening Services, you’ll have the information at your disposal about potential business partners so that you can go into a new relationship confident that the company is reputable and doesn’t pose any risk to you or your business. With our business credit checks, you’ll have access to vital information on a company, such as their leasing history, bank loans, payment history as well as any bankruptcies or UCC filings. In addition, we can provide you with some deeper analysis, such as a factual risk indicator that will uses a score based on their “days beyond term” to help you determine their risk potential. You’ll even be able to compare them to other companies within their industry.
AAA Credit Screening Services provides not just business credit checks but a number of other background screenings that can help protect your company in both the long and short term. These include such things as a pre-employment background check when you’re going through the hiring process for an open position. If your business is one that requires your employees to drive while on company time, doing a driving record check or obtaining their motor vehicle records will allow you to know whether or not you’re putting someone behind the wheel that has a poor driving history or worse. Knowing this information beforehand is simply a smart business practice and one that you can’t afford not to use.
Understanding the importance of knowing exactly who you’re doing business with our business credit checks will be the difference between having a long standing relationship that is beneficial for both companies or one that fizzles quickly and ends up being damaging to your company because the other party wasn’t reputable. That’s simply a risk not worth taking, especially when it can be avoided.